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NCDEX DAILY LEVELS

DAILY

EXPIRY
DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

19 JUN 2015

622

616

611

609

606

604

601

596

591

SYBEANIDR

19 JUN 2015

4347

4259

4171

4141

4083

4053

3995

3907

3819

RMSEED

19 JUN 2015

4230

4172

4114

4085

4056

4027

3998

3940

3882

JEERAUNJHA

19 JUN 2015

19056 18606

18156

17973

17706 17523 17256 16806

18356

CHANA

19 JUN 2015

4764

4718

4672

4655

4626

4609

4580

4534

4488

CASTORSEED

19 JUN 2015

4026

3974

3922

3895

3870

3843

3818

3766

3714

NCDEX WEEKLY LEVELS


WEEKLY

EXPIRY
DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

19 JUN 2015

632

623

614

610

605

601

596

587

578

SYBEANIDR

19 JUN 2015

5329

4938

4547

4329

4156

3938

3765

3374

2983

RMSEED

19 JUN 2015

4449

4322

4195

4126

4068

3999

3941

3814

3687

JEERAUNJHA

19 JUN 2015

20826 19846

18866

18333

17886 17353 16906 15926

14946

CHANA

19 JUN 2015

5047

4909

4771

4705

4633

4567

4495

4357

4219

CASTORSEED

19 JUN 2015

4183

4072

3961

3914

3850

3803

3739

3628

3517

MCX DAILY LEVELS


DAILY
ALUMINIUM
COPPER
CRUDE OIL

EXPIRY DATE R4

R3

R2

R1

PP

S1

S2

S3

S4

29 MAY 2015 122

120

118

117

116

115

114

112

111

30 JUN 2015

421

416

414

411

409

406

401

396

19 JUN 2015 4037 3947

3857

3817

3767

3727

3677

3587

3497

27627

27540

27393

27306

27159

26925

26691

426

GOLD

05 JUN 2015

2809 27861
5

LEAD

29 MAY 2015 129

128

126

125

124

123

122

120

119

NATURAL GAS 26 MAY 2015 203

199

195

193

191

189

187

183

179

919

899

888

879

868

859

839

819

40472

40196

39773

39497

39074

38375

37676

NICKEL

29 MAY 2015 939

SILVER

03 JUL 2015 4187 41171


0

MCX WEEKLY LEVELS


WEEKLY

EXPIRY

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

29 MAY 2015

135

129

123

119

117

113

111

105

99

COPPER

30 JUN 2015

450

438

426

419

414

407

402

390

378

19 JUN 2015 4533

4294

4055

3916

3816

3677

3577

3338

3099

GOLD

05 JUN 2015 29726 28909

28092

27772

27275

26995

26458

25641

24824

LEAD

29 MAY 2015

154

145

136

130

127

121

118

109

100

NATURAL GAS 26 MAY 2015

229

214

201

197

188

183

175

161

148

NICKEL

29 MAY 2015 1066

1008

950

913

892

855

834

776

718

SILVER

05 JUL 2015 47020 44410

41800

40850

39190

38250

36580

33970

31360

CRUDE OIL

MCX - WEEKLY NEWS LETTERS


INTERNATIONAL NEWS
Fed rate hike doubts
Most emerging Asian currencies rose on Friday to see weekly gains on growing expectations
the US Federal Reserve will delay interest rate hikes after soft economic data.Malaysia's ringgit
hovered near a two-week high as the economy grew at a faster-than-expected pace in the first
quarter and its current account surplus almost doubled. The US dollar stayed around a
four-month low against a basket of major currencies as softer-than-expected US producer prices
deepened concerns over slowing growth in the world's top economy.
China cuts interest rates
China's central bank cut its benchmark lending rates by 25 basis points to 5.1 percent on

Sunday, the third reduction since November, as it seeks to lower borrowing costs and support
the slowing economy. The People's Bank of China (PBOC) also reduced one-year benchmark
deposit rates by 25 basis points, it said in a statement on its website, adding that the reductions
would be effective on May 11. China launched a scheme to insure bank deposits from May 1,
ushering in a reform seen as vital for freeing up a highly-protected banking sector.
China factory output
China's factory output rose 5.9 percent in April compared with the same period last year,
slightly below forecasts and reinforcing expectations that the government will have to step up
its efforts to boost the cooling economy. A weak reading had been expected after the central
bank cut interest rates early this week for the third time in six months to lower companies'
borrowing costs and boost activity as the economy heads for its worst year in a quarter of a
century.Analysts polled by Reuters had forecast a 6.0 percent rise, up from 5.6 percent in
March, which was the weakest reading since the global financial crisis. Fixed-asset investment,
a crucial driver of the world's second-largest economy, rose 12 percent in January-April from
the same period a year ago, the National Bureau of Statistics showed on Wednesday.
BULLION
Gold
On the Comex division of the New York Mercantile Exchange, gold future for June delivery
inched up $1.00 cents, or 0.08%, to trade at $1,189.90 a troy ounce during U.S. morning hours.
Futures held in a tight range between $1,183.20 and $1,190.90.
On Friday, gold rose $6.70, or 0.57%, to close at $1,188.90. Prices were likely to find support
at $1,168.40, the low from May 1, and resistance at $1,199.30, the high from May 5.Also on
the Comex, silver future for July delivery tacked on 5.2 cents, or 0.32%, to trade at $16.51 a
troy ounce. Silver jumped 16.8 cents, or 1.03%, to end at $16.46.
Greece and the euro zone were to hold a fresh round of talks later Monday as Athens scrambles
to reach an agreement on a package of economic reforms in order to access fresh bailout
funds.Ahead of the talks, Greeces government indicated that it was still hopeful that progress
would be made, but euro zone officials have indicated that too many issues still remain
unresolved.
The Labor Department reported Friday that the U.S. economy added 223,000 new jobs in April,
just below expectations for jobs growth of 224,000. Marchs figure was revised down to just
85,000 from a previously reported gain of 126,000.The unemployment rate fell from 5.5% to a
near seven-year low of 5.4% last month, broadly in line with forecasts.The mixed data
underlined speculation that the Federal Reserve may hold off raising interest rates in the
immediate future. However, investors conceded that higher rates still remain on the horizon.
In the week ahead, investors will be focusing on Wednesday's U.S. retail sales report for April,
for fresh indications on the strength of the economy and the timing of a U.S. rate increase.

BASE METAL
Copper
Copper prices eased on Wednesday ahead of a raft of data from China expected to set the tone
for future monetary policies with the central bank already cutting rates three times since
November last year. At the MCX, copper futures for June 2015 contract were trading at
Rs.417.90 per 1 kg, down by 0.35 per cent, after opening at Rs. 418.70 against the previous
closing price of Rs. 419.35. However, losses were curbed due to the decline in the copper
stockpiles at the London Metal Exchange (LME) on account of the strong demand for the
commodity. LME copper stocks fell by 675 metric tonnes to 337850 metric tonnes as on May
13, 2015.
Zinc
Zinc futures declined 0.63 per cent to Rs 149.25 per kg today as participants trimmed positions
on weak cues from the global markets amid subdued demand in domestic spot markets.Zinc
futures for May 2015 contract, at MCX, were trading at Rs 149.25 per kg, down by 0.63 per
cent after opening at Rs. 149.85 against the previous closing price of Rs. 150.20, However,
losses were curbed due to the decline in the zinc stockpiles at the London Metal Exchange
(LME) on account of the strong demand for the commodity. LME zinc stocks fell by 3875
metric tonnes to 446025 metric tonnes as on May 14, 2015. Major refined zinc exporting
countries are Canada, Australia and Rep. of Korea, while major refined zinc importing
countries are China, USA and Germany.

ENERGY
Natural Gas
Natural Gas futures extended an advance in the domestic market on Friday as investors and
speculators weighed a below than expected US stockpile-build last week, signaling a pickup in
demand for the fuel which is used to fire up power plants as cooling demand rises during peak
summer months.US gas stockpiles climbed by 111 billion cubic feet to 1.897 trillion cubic feet

in the week ended May 8, 2015, compared to an estimated rise of 116 billion cubic feet by
analysts.Further, forecasts for warmer than average weather in the US in the coming days also
bolstered the demand outlook for the weather-sensitive fuel.At the MCX, Natural Gas futures
for May 2015 contract is trading at Rs 191.10 per 1 kg, up by 0.26 per cent after opening at Rs
191.20, against the previous closing price of Rs 190.60.
Crude Oil
Crude oil futures closed higher in the domestic market on Wednesday as investors and
speculators booked fresh positions in the energy commodity as a second straight drop in US
crude oil supplies eased fears over a US supply glut. US crude oil stockpiles fell by 2.19
million barrels to 484.8 million barrels in the week ended May 8, 2015, the EIA reported.
Meanwhile, gasoline supplies fell 1.1 million barrels, while distillate stockpiles dropped by 2.5
million barrels.
The International Energy Agency (IEA) raised its forecast for global oil consumption in 2015
by 50,000 barrels per day with world crude demand set to increase by 1.1 million barrels a day
this year, or 1.2 per cent, to average 93.6 million barrels a day.
At the same time, the agency upgraded its forecast for Non OPEC output growth by 200,000
barrels per day this year amid surprisingly strong production in Q1 from the likes of Russia,
China, Colombia, Vietnam and Malaysia. US retail sales were little changed in April, compared
to expectations of a 0.2 per cent rise, signaling weakness in the worlds biggest economy,
clouding the demand outlook for the fuel, curbing gains in oil futures.

NCDEX - WEEKLY NEWS LETTERS


Jeera
Jeera prices closed higher by 1.65 per cent on Tuesday at the National Commodity &
Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the
commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for
May 2015 contract closed at Rs. 17,575 per quintal, up by 1.65 per cent, after opening at Rs.
17,305 against the previous closing price of Rs. 17,290. It touched the intraday high of Rs.
17,860. Sentiment improved further as a result of reduced domestic supplies in the physical
markets and some export esquire. Global output of Jeera is around 2.2 lakh MT per year, of
which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the US, UK,

UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters
are Syria and Turkey.

Refined soya oil


Amid pickup in domestic demand and tight supplies from producing belts, refined soya oil
prices were up by 0.53 per cent to Rs 602.85 per 10 kg in futures trade on Monday as
speculators created fresh positions.
In futures trading at the National Commodity and Derivatives Exchange, refined soya oil for
delivery in June month rose by Rs 3.15, or 0.53 per cent to Rs 602.85 per 10 kg with an open
interest of 87,590 lots.Likewise, the oil for delivery in August contracts traded higher by Rs
2.10, or 0.36 per cent to Rs 592.80 per 10 kg in 1,60,305 lots.Besides pickup in demand in the
spot market, restricted arrivals from producing belts mainly led to the rise in refined soya oil
prices at futures trade.

Chana
Following a shortage of chana , the market price of the crop has increased 40 per cent in the
past four months and it is trading at Rs 48 a kg now. Prices gained on account of low output
following nonseasonal rainfall and a sharp drop in the area under cultivation in key growing
belts. Demand pick-up in the spot market, too, supported the upswing in the commoditys
prices.Sharp rally in chana prices from Rs 2,600 to Rs 4,800 per quintal in the span of 7-8
months have been seen. This can attract the farmers again to sow pulses as cultivation cost will
be lower than the market prices. At least 20 per cent gain in sowing can be seen, which would
come to 10.30 million hectares and regain the lost acreage for this year.Poor returns from chana
crop as the prices traded below the Minimum Support Price (MSP) of 2013-14 had dissuaded
farmers from sowing the crop last year. Bagdai said, "Price factor definitely changes farmers'
mind and it may result in increased sowing next season. But, we have to wait for progress of
monsoon as it depends on rain."
As per department of commerce data, from April 2014 to February 2015, 389,990 tonnes of
chana was imported into the country while according to market sources, from February till now,
over 100,000 tonnes of chana has been imported into the country. Total import of chana in
2013-14 stood at 276,130 tonnes.The current season price of chana (chickpea) may play a

crucial role in helping farmers form a decision whether to sow the crop or not in the next
sowing period, which will commence after five months.It is analyst that low production has
resulted in chana price being traded upwards constantly since January.Reasons for good price
of chana are low sowing, poor quality because of unfavorable weather and strong demand from
mills and stockists.

Castorseed
Castor seed prices rose for the second straight day, supported by an upward trend at spot market
on strong demand. The commodity added Rs 33 to Rs 3,774 per quintal in future trading on
Friday, as participants enlarged position.At the National Commodity and Derivative Exchange,
castor seed for delivery in May was trading Rs 33, or 0.88 per cent, higher at Rs 3,774 per
quintal, having an open interest in 8,200 lots.
The June contract edged higher by Rs 22, or 0.57 per cent to Rs 3,876 per quintal, clocking an
open interest of 1,82,420 lots.Market men said a firming trend at spot markets on sustained
demand from consuming industries, rising export demand too influenced castor seed prices at
futures trade here.
Mustar seed
Mustard Seed prices closed lower by 0.02 per cent on Tuesday at the National Commodity &
Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on
account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard
Seed futures for May 2015 contract closed at Rs. 4,050 per quintal, down by 0.02 per cent, after
opening at Rs. 4,036 against the previous closing price of Rs. 4,051. It touched the intraday low
of Rs. 4,012. Sentiment weakened further due to the sluggish export demand as a result of the
weak demand for the commodity. EU-27 accounts to about 34 per cent of worlds RM seed
production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per
cent), Australia (3 per cent), Ukraine (2 per cent). India produces 5.5 million MT to7 million
MT annually.

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